Technical: Potential Double Top on Daily Timeframe. Possible rejection at the 200 ema. Price recently broke out of downtrend dated back to May and could be in position to retest the previous low from November. Fundamental: New Zealand has a higher interest rate having hiked twice currently at 0.75 from 0.25 and expects to get to 1.0 sometime next year. They...
Looks like we are getting some consolidation around this area with a strong bullish candle kicking in. I know a lot of people may not like this stock. However, investing and trading is all about finding stocks that are under or at its fair value while giving it time to move. Benjamin Graham liked beat up stocks that have some juice left in it. Well this is...
Nice support level here. Bulls taking control looks like. Looking for 38% to 88% retracement towards the previous high. Oversold on the RSI and the Mac d. Let's see what happens. If you look at the chart, $96.20 seems like a good target at this point to be safe. Let's see what happens. Not advice
After reading an article via Reuters, gross domestic product in the world's fifth-biggest economy increased by 1.1% in the third quarter, weaker than a preliminary estimate of growth of 1.3% as global supply chain problems weighed on manufacturers and building firms. Investors are braced for a further slowdown in the fourth quarter of 2021 and a weak start to 2022...
Potential double bottom setup here. I like this companies financials. It's a credit card company so I'm thinking about the attractiveness of reward points and holiday spending. Even though it's not estimated to be a great holiday season for some, I'm more so thinking about the surcharges and end of month billing here. Chase is also a bank on top of that and just...
On the monthly we are coming out of a weekly buyzone. Looking for price to retrace the previous high. We are on the low side of the macd with it losing some momentum. It may take a while to reach its target. However, I need to focus on one chart that looked promising on the forex side of things. I don't need to trade everyday. I'm working on my discipline as a...
Technical Analysis: Potential Double Bottom located. RSI oversold on 4 hour. Mac D oversold as well. Although we have a strong bullish candle, momentum color change hasn't kicked in yet on Mac D. Only looking for a retracement. Not a home run. I would like to see price reach 61.80% of the previous high. Let's see what happens! Fundamental Analysis: Business...
Looking at the DXY, it looks ready for a retracement. I wanted to find a pair that looked good and that was near a high. USDJPY looks like a double top on the 1 hour time frame. For those following we previously entered the USDZAR last night and although it didn't reach the 38% target, it got close and we closed out in profit. With the BBB bill not being passed,...
Looks like some consolidation here. I only want 38% of the high from December 1st. Don't have any fundamentals on lite coin but looking to see if we can break out of this accumulation stage in the future. Not Advice* only ideas!
A little late posting this to be honest. However, I think this is still a good move. Double bottom on this timeframe, Mac D losing momentum on the recent pullback. Looking for 50% of the previous high for a retracement target. I'm seeing that ZAR has a stronger interest rates but I want to see if or why the USD will be or is stronger than the ZAR regardless of...
I will bet on the USD vs the PESO any day of the week. Especially when those interest rates hike! This is honestly more of an economical trade for the long term. Ill exit at the targets. Previous high was broken and we are transitioning to the top side of the MACD on the 1 hour timeframe. When interest rates hike, the dollar gets stronger. Not advice. But I like...
Looks like a double top was confirmed here. I would love to see a W pattern form now for a better price. With the fear of the new COVID variant, potential rate hikes next year, and high CPI reports, some investors may be dropping this stock at the moment which is understandable to some degree. I can see how investors may fear that there may be less car sales next...
In our previous publish, we are still long on Solana. However, charts are all about retracements. Looks like a potential Double Top has formed. Looking for a retracement toward the previous low up to 50% which would be around $177. Having been in this are 4 times throughout the month. I want to see if we can reach this price during this current retracement phase....
Hey squad! Y'all know my month started really rough. But last week took me way up! Total of six trades for the month of December so far---Three wins; Three losses. The funny thing is the Wins taking me straight to profits. Watch the clip to get the tea!
5 times this month price has tested $49200. Not looking for a homerun. However, I want a little less than 338% retracement of the previous high relative to the 4 hour timeframe. My stop loss is $45400. Not Advice "It's not about being right as much as it about being smarter than your last trade."
Strong consolidation this month. 4 times this month, price tested $156. Not looking for homerun. I want a retracement short of 38% respectively of the previous high relative to the 4 hour TF. Support is at $142.99 Not Advice! "It's not about being right more than it is about being smarter than your last trade!"
Price struck the $2.03 three times this month. We aren't oversold as of yet on the 1 Hour time frame, however, there's been some consolidation since the middle of the month. I don't want a homerun here. I just want a bit less than 38% retracement from the November high. Not advice! "It's not about being right as much as it is about being smarter than your last trade!"
We are at a strong support level here. I want to see if price breaks out that first downtrend line. I'm looking for a retracement of only 38% of previous high on the 4 hour TF. My stop loss is at $1.20. Not Advice! "It's not about being right more than it is about being smarter than your last trade!"